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Side-by-side financial comparison of Gaming & Leisure Properties, Inc. (GLPI) and Gogo Inc. (GOGO). Click either name above to swap in a different company.
Gaming & Leisure Properties, Inc. is the larger business by last-quarter revenue ($420.0M vs $230.6M, roughly 1.8× Gogo Inc.). Gaming & Leisure Properties, Inc. runs the higher net margin — 57.0% vs -4.3%, a 61.3% gap on every dollar of revenue. On growth, Gogo Inc. posted the faster year-over-year revenue change (67.3% vs 6.3%). Over the past eight quarters, Gogo Inc.'s revenue compounded faster (48.7% CAGR vs 5.0%).
Gaming and Leisure Properties, Inc. is a real estate investment trust (REIT) specializing in casino properties, based in Wyomissing, Pennsylvania. It was formed in November 2013 as a corporate spin-off from Penn National Gaming. The company owns 62 casino properties, all of which are leased to other companies.
Gogo Inc. is an American provider of in-flight broadband Internet service and other connectivity services for business aircraft, headquartered in Broomfield, Colorado. Through its Gogo LLC subsidiary, Gogo previously provided in-flight WiFi to 17 airlines until the Commercial Air business was sold to Intelsat for $400 million in December 2020. According to Gogo, over 2,500 commercial aircraft and 6,600 business aircraft have been equipped with its onboard Wi-Fi services. The company is the de...
GLPI vs GOGO — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $420.0M | $230.6M |
| Net Profit | $239.4M | $-10.0M |
| Gross Margin | — | — |
| Operating Margin | 79.4% | 6.2% |
| Net Margin | 57.0% | -4.3% |
| Revenue YoY | 6.3% | 67.3% |
| Net Profit YoY | 40.5% | 64.6% |
| EPS (diluted) | — | $-0.08 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $420.0M | — | ||
| Q4 25 | $407.0M | $230.6M | ||
| Q3 25 | $397.6M | $223.6M | ||
| Q2 25 | $394.9M | $226.0M | ||
| Q1 25 | $395.2M | $230.3M | ||
| Q4 24 | $389.6M | $137.8M | ||
| Q3 24 | $385.3M | $100.5M | ||
| Q2 24 | $380.6M | $102.1M |
| Q1 26 | $239.4M | — | ||
| Q4 25 | $275.4M | $-10.0M | ||
| Q3 25 | $241.2M | $-1.9M | ||
| Q2 25 | $151.4M | $12.8M | ||
| Q1 25 | $165.2M | $12.0M | ||
| Q4 24 | $223.6M | $-28.2M | ||
| Q3 24 | $184.7M | $10.6M | ||
| Q2 24 | $208.3M | $839.0K |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 87.8% | ||
| Q1 25 | — | 87.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | 79.4% | — | ||
| Q4 25 | 89.3% | 6.2% | ||
| Q3 25 | 84.8% | 12.9% | ||
| Q2 25 | 61.3% | 15.9% | ||
| Q1 25 | 65.5% | 15.3% | ||
| Q4 24 | 79.1% | -17.5% | ||
| Q3 24 | 70.4% | 19.0% | ||
| Q2 24 | 77.1% | 21.2% |
| Q1 26 | 57.0% | — | ||
| Q4 25 | 67.6% | -4.3% | ||
| Q3 25 | 60.7% | -0.9% | ||
| Q2 25 | 38.4% | 5.7% | ||
| Q1 25 | 41.8% | 5.2% | ||
| Q4 24 | 57.4% | -20.5% | ||
| Q3 24 | 47.9% | 10.6% | ||
| Q2 24 | 54.7% | 0.8% |
| Q1 26 | — | — | ||
| Q4 25 | $0.96 | $-0.08 | ||
| Q3 25 | $0.85 | $-0.01 | ||
| Q2 25 | $0.54 | $0.09 | ||
| Q1 25 | $0.60 | $0.09 | ||
| Q4 24 | $0.79 | $-0.22 | ||
| Q3 24 | $0.67 | $0.08 | ||
| Q2 24 | $0.77 | $0.01 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $274.5M | $125.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $5.0B | $101.1M |
| Total Assets | $13.8B | $1.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $274.5M | — | ||
| Q4 25 | — | $125.2M | ||
| Q3 25 | — | $133.6M | ||
| Q2 25 | — | $102.1M | ||
| Q1 25 | — | $70.3M | ||
| Q4 24 | $560.8M | $41.8M | ||
| Q3 24 | $560.8M | $176.7M | ||
| Q2 24 | $560.8M | $161.6M |
| Q1 26 | — | — | ||
| Q4 25 | $7.2B | — | ||
| Q3 25 | $7.2B | — | ||
| Q2 25 | $6.9B | — | ||
| Q1 25 | $6.9B | — | ||
| Q4 24 | $7.7B | — | ||
| Q3 24 | $7.4B | — | ||
| Q2 24 | $6.6B | — |
| Q1 26 | $5.0B | — | ||
| Q4 25 | $4.6B | $101.1M | ||
| Q3 25 | $4.6B | $107.0M | ||
| Q2 25 | $4.6B | $102.8M | ||
| Q1 25 | $4.2B | $82.9M | ||
| Q4 24 | $4.3B | $69.3M | ||
| Q3 24 | $4.3B | $52.7M | ||
| Q2 24 | $4.1B | $52.0M |
| Q1 26 | $13.8B | — | ||
| Q4 25 | $12.9B | $1.3B | ||
| Q3 25 | $12.8B | $1.3B | ||
| Q2 25 | $12.5B | $1.3B | ||
| Q1 25 | $12.1B | $1.2B | ||
| Q4 24 | $13.1B | $1.2B | ||
| Q3 24 | $12.7B | $810.7M | ||
| Q2 24 | $11.8B | $802.7M |
| Q1 26 | — | — | ||
| Q4 25 | 1.56× | — | ||
| Q3 25 | 1.57× | — | ||
| Q2 25 | 1.51× | — | ||
| Q1 25 | 1.63× | — | ||
| Q4 24 | 1.81× | — | ||
| Q3 24 | 1.74× | — | ||
| Q2 24 | 1.60× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $8.5M |
| Free Cash FlowOCF − Capex | — | $-25.4M |
| FCF MarginFCF / Revenue | — | -11.0% |
| Capex IntensityCapex / Revenue | — | 14.7% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $65.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $8.5M | ||
| Q3 25 | $240.3M | $46.8M | ||
| Q2 25 | $293.4M | $36.7M | ||
| Q1 25 | $252.5M | $32.5M | ||
| Q4 24 | $1.1B | $-38.3M | ||
| Q3 24 | $270.4M | $25.1M | ||
| Q2 24 | $252.1M | $24.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-25.4M | ||
| Q3 25 | $183.0M | $27.3M | ||
| Q2 25 | $272.3M | $33.5M | ||
| Q1 25 | $239.6M | $29.7M | ||
| Q4 24 | $1.1B | $-42.6M | ||
| Q3 24 | $261.5M | $20.7M | ||
| Q2 24 | $245.0M | $21.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | -11.0% | ||
| Q3 25 | 46.0% | 12.2% | ||
| Q2 25 | 69.0% | 14.8% | ||
| Q1 25 | 60.6% | 12.9% | ||
| Q4 24 | 275.3% | -30.9% | ||
| Q3 24 | 67.9% | 20.6% | ||
| Q2 24 | 64.4% | 21.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | 14.7% | ||
| Q3 25 | 14.4% | 8.7% | ||
| Q2 25 | 5.3% | 1.4% | ||
| Q1 25 | 3.3% | 1.2% | ||
| Q4 24 | 0.0% | 3.1% | ||
| Q3 24 | 2.3% | 4.4% | ||
| Q2 24 | 1.9% | 3.3% |
| Q1 26 | — | — | ||
| Q4 25 | 4.10× | — | ||
| Q3 25 | 1.00× | — | ||
| Q2 25 | 1.94× | 2.87× | ||
| Q1 25 | 1.53× | 2.70× | ||
| Q4 24 | 4.80× | — | ||
| Q3 24 | 1.46× | 2.36× | ||
| Q2 24 | 1.21× | 29.74× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GLPI
Segment breakdown not available.
GOGO
| Services | $191.9M | 83% |
| Products | $38.7M | 17% |
| Fcc Reimbursement Program | $2.0M | 1% |
